DAILY: China's imported iron ore prices rise

After Wednesday's retreat, Chinese prices for imported iron ore climbed again in both the portside and seaborne markets on March 26, triggered by rising crude oil prices. The dimming of prospects for Middle East peace overnight also influenced commodity markets.

On Thursday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed higher by Yuan 10/wmt ($1.4/wmt) on day at Yuan 776/wmt FOT and including the 13% VAT. The same day, Mysteel SEADEX 62% Australian Fines also increased by $2/dmt from Wednesday to $110.1/dmt CFR Qingdao, reversing the $2/dmt fall logged the previous day. Domestic